In a recently published paper, law firm Sutherland Asbill & Brennan poses the question: when should broker/dealers and advisers play it safe or tough it out when facing litigation from the SEC or FINRA?

The American College of Employee Benefits Counsel (the College) has launched a new Web site feature to help locate leading employee benefits practitioners, including those available to act as mediators or expert witnesses in legal disputes.

With Washington causing quite a stir in proposing changes to the definition of fiduciary, the Virtual PLANADVISER National Conference brought together experts to discuss the realities of such a proposal.

MARKET MIRROR

Yesterday, the Dow lost 335.60 points (1.35%) to finish at 24,610.91, the NASDAQ closed 137.74 points (1.84%) lower at 7,344.24, and the S&P 500 decreased 39.09 points (1.42%) to 2,712.92. The Russell 2000 was down 15.49 points (0.98%) at 1,570.56, and the Wilshire 5000 fell 446.89 points (1.57%) to 28,098.29.

The price of the 10-year Treasury note was down 1/32, increasing its yield to 2.851%. The price of the 30-year Treasury bond decreased 6/32, bringing its yield up to 3.089%.